By PR Newswire, October 09, 2013, 10:37:00 AM EDT
LONDON, October 9, 2013 /PRNewswire/ --
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The U.S. equity market posted sharp losses on Tuesday, October 8, 2013, with the S&P 500, the Dow Jones Industrial Average, and the NASDAQ Composite falling by 1.23%, 1.07%, and 2.00%, respectively. Shares in the financial sector mostly ended on a lower note, as the broader market declined. The major movers in the industry included Blackstone Group L.P. (NYSE:BX), SunTrust Banks Inc. (NYSE:STI), BB&T Corporation (NYSE:BBT), and Valley National Bancorp (NYSE:VLY). AAAResearchReports.com has released full comprehensive research on BX, STI, BBT, and VLY. These free technical analyses can be downloaded by signing up at:
On Tuesday, Blackstone Group L.P.'s stock plummeted to close at $25.46, which is 3.23% lower than the previous day's closing price of $26.31. The company's shares oscillated between $25.37 and $26.59 during the trading session. A total of 7.28 million shares were traded, which is above the daily average volume of 4.70 million. Despite Tuesday' sharp decline, the company's shares have surged 14.27% in the last one month and 24.07% in the previous three months, outperforming the S&P 500 which has advanced 0.02% and 0.91% during the respective periods. Additionally, Blackstone Group L.P.'s stock is trading above its 50-day and 200-day moving averages of $23.17 and $20.79, respectively. Download free report on BX upon registration at:
Shares in SunTrust Banks Inc. edged lower on Tuesday, extending the losses from the previous trading session. The company's shares vacillated between $32.15 and $32.49 before finishing the day 0.40% lower at $32.16. A total of 3.46 million shares were traded, which is above the daily average volume of 3.35 million. Despite Tuesday's losses, SunTrust Banks Inc.'s stock is trading above its 200-day moving average of $30.93. Furthermore, the company's shares have fallen by 1.32% in the previous three trading session, compared to a loss of 1.38% in the S&P 500 during the same period. STI technical report can be accessed for free by signing up at:
On Tuesday, BB&T Corp.'s stock fell sharply to close at $32.66, down 1.45% from the previous day's closing price of $33.14. The company's shares oscillated between $32.65 and $33.25 during the trading session. A total of 3.31 million shares were traded, which is above the daily average volume of 3.19 million. Despite Tuesday's sharp losses, BB&T Corp.'s stock is trading above its 200-day moving average of $32.45. Moreover, the company's shares have fallen by 2.22% in the previous three trading session, compared to a loss of 1.38% in the S&P 500 during the same period. The free report on BBT can be downloaded by signing up now at:
Valley National Bancorp's stock rose 0.10% on Tuesday, reversing some of the losses from the previous trading session. The company's shares closed the day at $9.80, after trading between $9.72 and $9.83. A total of 0.97 million shares were traded, which is below the daily average volume of 1.18 million. The company's shares have lost 0.31% in the previous three months, underperforming the S&P 500 which has gained 0.91% during the same period. Further, Valley National Bancorp's stock is trading below its 50-day and 200-day moving averages of $10.20 and $9.81, respectively. A free report on VLY can be accessed by registering at:
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SOURCE AAA Research Reports